Equicom Savings Bank Personal Loan

  1. #15701
    Tina Member

    Equicom Savings Bank Personal Loan

    Equicom Personal Loan is an unsecured, multi-purpose loan facility paid in fixed equal monthly amortization. This is offered to salaried or self-employed individuals to finance other personal and household needs (i.e. payment for tuition fees, medical expenses, emergencies, special occasions, travel expenses, house repairs, purchase of appliances, gadgets, furniture, debt consolidation, etc.).

    With low interest, no co-maker, and no collateral needed, you can be sure to get quick cash loan in no time. To know if you’re qualified, see their requirements below:

    Eligibility Requirements:
    • At least 21 years old and must not be more than 65 years old upon loan maturity
    • With office or residence landline number
    • Residence or office address should be within the Bank’s processing service area
    • Regular / Permanent status with current employer WITH > six (6) months tenure AND total employment tenure of at least one (1 ) year
    • Basic monthly salary of PhP20,000.00 for Metro Manila and PhP15,000.00 for VisMin areas.
    • For self-employed, should have at least two (2) continuous years of profitable operations in the same line of business

    Documents Required:
    • Duly filled-out and original signed application form
    • Signed Promissory Note and Disclosure Statement
    • Photocopy of Company ID with picture and signature
    • Photocopy of one (1) valid government issued ID with three (3) specimen
    • Latest credit card SOA
    • Proof of residence address, either of the following:
    Latest one (1) month proof of billing (i.e. utility bill or lease contract
    under applicant’s name)
    Latest one (1) gov’t ID with residence address (i.e. driver’s license,
    postal ID, NBI, police clearance, etc.)

    Latest original one (1) month payslip
    Latest BIR Form 2316

    Latest ITR with BIR stamp and tax receipt
    Two (2) years Audited Financial Statements
    SEC/DTI Certificate of Registration
    Six (6) months bank statements / passbook
    Authorization to verify bank account/s

    Note: Other documents may be required to process the loan.

    Equicom Personal Loan Interest Rate:
    Monthly Add-on Rate: 1.39% to 1.69%

    Monthly Effective Interest Rate:
    12-month term: 2.71%
    18-month term: 2.81%
    24-month term: 2.90%
    36-month term: 2.93%

    Processing Fee:
    Processing fee (to be deducted from loan proceeds):
    Employed: PHP 1,500.00
    Self-employed: PHP 2,000.00

    Loan term from 12, 18, 24 or 36 months

    Mode of Payment:
    Via issuance of personal post-dated checks

    Terms and Conditions:
    Loan amount from PHP 15,000.00 to PHP 1,000,000.00
    Loan release is through Manager’s Check or credit to EqB account

    Other Equicom Savings Bank Products:
    Equicom Credit Card
    Home Loan
    SME Business Loan
    Equicom Deposits

    To see more loan options and qualifications, please visit https://www.ecomparemo.com.

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